CarPartsCom Long Term Investments vs Net Debt Analysis

PRTS Stock

USD 1.01 0.01 0.98%

CarPartsCom financial indicator trend analysis is way more than just evaluating CarPartsCom prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CarPartsCom is a good investment. Please check the relationship between CarPartsCom Long Term Investments and its Net Debt accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in CarPartsCom. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy CarPartsCom Stock please use our How to Invest in CarPartsCom guide.

Long Term Investments vs Net Debt

Long Term Investments vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CarPartsCom Long Term Investments account and Net Debt. At this time, the significance of the direction appears to have strong relationship.

The correlation between CarPartsCom's Long Term Investments and Net Debt is 0.65. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Net Debt in the same time period over historical financial statements of CarPartsCom, assuming nothing else is changed. The correlation between historical values of CarPartsCom's Long Term Investments and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of CarPartsCom are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Long Term Investments i.e., CarPartsCom's Long Term Investments and Net Debt go up and down completely randomly.

Correlation Coefficient

0.65

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Long Term Investments

Long Term Investments is an item on the asset side of CarPartsCom balance sheet that represents investments CarPartsCom intends to hold for over a year. CarPartsCom long term investments may include different instruments such as stocks, bonds, real estate and cash.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from CarPartsCom's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CarPartsCom current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in CarPartsCom. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy CarPartsCom Stock please use our How to Invest in CarPartsCom guide.At this time, CarPartsCom's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 955.5 K in 2024, whereas Discontinued Operations is likely to drop (675 K) in 2024.

	2021	2022	2023	2024 (projected)
Total Revenue	582.4M	661.6M	675.7M	709.5M
Interest Expense	1.1M	1.4M	1.4M	1.8M

Total Revenue Interest Expense

CarPartsCom fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Current Deferred Revenue	Retained Earnings	Accounts Payable	Long Term Debt	Net Receivables	Common Stock Total Equity	Short Term Investments	Inventory	Other Current Assets
Total Assets		0.98	-0.16	0.86	0.82	0.03	-0.05	0.86	0.77	0.92	0.77	0.99	0.99	0.81	0.93	0.97	0.97	-0.37	-0.66	0.95	-0.36	0.58	0.82	-0.27	0.98	0.77
Total Stockholder Equity	0.98		-0.21	0.86	0.84	0.0	-0.01	0.86	0.73	0.9	0.71	0.94	0.97	0.77	0.92	0.92	0.95	-0.38	-0.55	0.91	-0.38	0.59	0.78	-0.19	0.95	0.73
Net Debt	-0.16	-0.21		-0.6	0.12	-0.03	-0.1	-0.6	0.16	0.04	0.17	-0.11	-0.2	0.29	-0.29	-0.19	-0.02	0.21	-0.11	-0.23	0.14	-0.01	0.04	-0.09	-0.03	0.09
Cash	0.86	0.86	-0.6		0.52	0.13	-0.14	1.0	0.51	0.73	0.52	0.83	0.89	0.56	0.85	0.84	0.79	-0.38	-0.48	0.83	-0.36	0.44	0.62	-0.22	0.79	0.57
Non Current Assets Total	0.82	0.84	0.12	0.52		-0.34	0.07	0.52	0.77	0.75	0.76	0.79	0.75	0.77	0.71	0.76	0.82	-0.13	-0.47	0.75	-0.2	0.74	0.78	0.02	0.77	0.76
Non Currrent Assets Other	0.03	0.0	-0.03	0.13	-0.34		0.12	0.12	0.18	0.15	0.13	0.06	0.14	0.11	0.2	0.02	0.04	-0.6	-0.28	0.05	-0.49	-0.41	0.2	-0.82	0.17	0.11
Other Assets	-0.05	-0.01	-0.1	-0.14	0.07	0.12		-0.15	0.08	-0.13	0.01	-0.09	-0.09	-0.3	0.1	-0.08	-0.22	-0.29	-0.03	0.01	-0.01	-0.26	0.03	-0.26	-0.06	-0.09
Cash And Short Term Investments	0.86	0.86	-0.6	1.0	0.52	0.12	-0.15		0.51	0.73	0.52	0.83	0.89	0.55	0.85	0.85	0.79	-0.37	-0.48	0.83	-0.35	0.45	0.61	-0.21	0.79	0.56
Common Stock Shares Outstanding	0.77	0.73	0.16	0.51	0.77	0.18	0.08	0.51		0.79	0.98	0.8	0.77	0.84	0.74	0.74	0.75	-0.35	-0.82	0.75	-0.17	0.49	0.98	-0.54	0.82	0.82
Non Current Liabilities Total	0.92	0.9	0.04	0.73	0.75	0.15	-0.13	0.73	0.79		0.79	0.91	0.93	0.89	0.89	0.83	0.92	-0.52	-0.65	0.85	-0.35	0.4	0.84	-0.34	0.96	0.8
Other Stockholder Equity	0.77	0.71	0.17	0.52	0.76	0.13	0.01	0.52	0.98	0.79		0.8	0.77	0.85	0.72	0.74	0.75	-0.26	-0.86	0.73	-0.15	0.58	0.97	-0.53	0.8	0.88
Total Liab	0.99	0.94	-0.11	0.83	0.79	0.06	-0.09	0.83	0.8	0.91	0.8		0.98	0.81	0.92	0.99	0.96	-0.34	-0.74	0.97	-0.34	0.56	0.83	-0.34	0.98	0.78
Total Current Assets	0.99	0.97	-0.2	0.89	0.75	0.14	-0.09	0.89	0.77	0.93	0.77	0.98		0.81	0.94	0.96	0.96	-0.42	-0.68	0.95	-0.39	0.52	0.82	-0.36	0.98	0.76
Short Long Term Debt Total	0.81	0.77	0.29	0.56	0.77	0.11	-0.3	0.55	0.84	0.89	0.85	0.81	0.81		0.69	0.74	0.87	-0.26	-0.63	0.69	-0.3	0.57	0.86	-0.31	0.86	0.82
Other Current Liab	0.93	0.92	-0.29	0.85	0.71	0.2	0.1	0.85	0.74	0.89	0.72	0.92	0.94	0.69		0.89	0.87	-0.62	-0.63	0.93	-0.52	0.4	0.81	-0.4	0.92	0.79
Total Current Liabilities	0.97	0.92	-0.19	0.84	0.76	0.02	-0.08	0.85	0.74	0.83	0.74	0.99	0.96	0.74	0.89		0.93	-0.27	-0.71	0.98	-0.35	0.59	0.77	-0.3	0.94	0.73
Property Plant And Equipment Net	0.97	0.95	-0.02	0.79	0.82	0.04	-0.22	0.79	0.75	0.92	0.75	0.96	0.96	0.87	0.87	0.93		-0.32	-0.61	0.9	-0.43	0.63	0.79	-0.23	0.96	0.79
Current Deferred Revenue	-0.37	-0.38	0.21	-0.38	-0.13	-0.6	-0.29	-0.37	-0.35	-0.52	-0.26	-0.34	-0.42	-0.26	-0.62	-0.27	-0.32		0.2	-0.4	0.61	0.34	-0.43	0.47	-0.45	-0.35
Retained Earnings	-0.66	-0.55	-0.11	-0.48	-0.47	-0.28	-0.03	-0.48	-0.82	-0.65	-0.86	-0.74	-0.68	-0.63	-0.63	-0.71	-0.61	0.2		-0.7	0.04	-0.38	-0.78	0.73	-0.7	-0.71
Accounts Payable	0.95	0.91	-0.23	0.83	0.75	0.05	0.01	0.83	0.75	0.85	0.73	0.97	0.95	0.69	0.93	0.98	0.9	-0.4	-0.7		-0.36	0.47	0.78	-0.33	0.94	0.71
Long Term Debt	-0.36	-0.38	0.14	-0.36	-0.2	-0.49	-0.01	-0.35	-0.17	-0.35	-0.15	-0.34	-0.39	-0.3	-0.52	-0.35	-0.43	0.61	0.04	-0.36		-0.1	-0.31	0.26	-0.39	-0.43
Net Receivables	0.58	0.59	-0.01	0.44	0.74	-0.41	-0.26	0.45	0.49	0.4	0.58	0.56	0.52	0.57	0.4	0.59	0.63	0.34	-0.38	0.47	-0.1		0.52	0.13	0.47	0.63
Common Stock Total Equity	0.82	0.78	0.04	0.62	0.78	0.2	0.03	0.61	0.98	0.84	0.97	0.83	0.82	0.86	0.81	0.77	0.79	-0.43	-0.78	0.78	-0.31	0.52		-0.5	0.85	0.88
Short Term Investments	-0.27	-0.19	-0.09	-0.22	0.02	-0.82	-0.26	-0.21	-0.54	-0.34	-0.53	-0.34	-0.36	-0.31	-0.4	-0.3	-0.23	0.47	0.73	-0.33	0.26	0.13	-0.5		-0.4	-0.41
Inventory	0.98	0.95	-0.03	0.79	0.77	0.17	-0.06	0.79	0.82	0.96	0.8	0.98	0.98	0.86	0.92	0.94	0.96	-0.45	-0.7	0.94	-0.39	0.47	0.85	-0.4		0.77
Other Current Assets	0.77	0.73	0.09	0.57	0.76	0.11	-0.09	0.56	0.82	0.8	0.88	0.78	0.76	0.82	0.79	0.73	0.79	-0.35	-0.71	0.71	-0.43	0.63	0.88	-0.41	0.77

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CarPartsCom Account Relationship Matchups

CarPartsCom fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	87.9M	187.0M	235.3M	238.4M	257.9M	270.7M
Total Stockholder Equity	12.4M	83.5M	95.6M	110.1M	112.8M	118.5M
Net Debt	13.6M	(4.2M)	28.2M	27.9M	(12.8M)	(12.2M)
Cash	2.3M	35.8M	18.1M	18.8M	51.0M	53.5M
Non Current Assets Total	25.6M	47.6M	66.7M	70.5M	64.5M	40.5M
Non Currrent Assets Other	2.4M	2.9M	2.2M	2.5M	3.3M	3.5M
Other Assets	2.4M	2.9M	2.2M	2.5M	2.9M	5.2M
Cash And Short Term Investments	2.3M	35.8M	18.1M	18.8M	51.0M	53.5M
Common Stock Shares Outstanding	35.7M	42.3M	51.4M	54.1M	56.6M	34.0M
Liabilities And Stockholders Equity	87.9M	187.0M	235.3M	238.4M	257.9M	270.7M
Non Current Liabilities Total	15.6M	31.5M	43.0M	40.3M	32.0M	33.6M
Other Stockholder Equity	180.0M	253.1M	275.0M	289.6M	301.0M	166.6M
Total Liab	75.6M	103.5M	139.8M	128.3M	145.0M	152.3M
Total Current Assets	62.4M	139.4M	168.6M	167.9M	193.3M	203.0M
Short Long Term Debt Total	15.8M	31.6M	46.4M	46.7M	38.1M	21.2M
Other Current Liab	12.1M	21.8M	22.1M	20.1M	25.0M	26.2M
Total Current Liabilities	59.9M	72.0M	96.8M	88.0M	113.0M	118.6M
Property Plant And Equipment Net	23.2M	44.7M	64.5M	68.0M	61.2M	64.2M
Current Deferred Revenue	652K	630K	826K	250K	1.1M	1.1M
Retained Earnings	(167.9M)	(169.5M)	(179.8M)	(180.8M)	(189.0M)	(179.5M)
Accounts Payable	44.4M	45.3M	67.4M	57.6M	77.9M	81.7M
Net Receivables	2.7M	6.3M	5.0M	6.4M	7.4M	4.7M
Inventory	52.5M	89.3M	138.9M	136.0M	128.9M	135.3M
Other Current Assets	4.9M	7.9M	6.6M	6.7M	6.1M	4.0M
Property Plant And Equipment Gross	23.2M	44.7M	64.5M	68.0M	84.9M	89.2M
Accumulated Other Comprehensive Income	214K	(215K)	274K	1.1M	783K	822.2K
Short Term Debt	2.7M	4.1M	7.2M	9.3M	9.1M	6.4M
Property Plant Equipment	9.7M	44.7M	64.5M	24.3M	27.9M	21.8M
Other Liab	2.5M	4.0M	3.7M	3.0M	3.4M	2.5M
Net Tangible Assets	12.4M	83.5M	95.6M	110.1M	126.6M	132.9M
Retained Earnings Total Equity	(167.9M)	(169.5M)	(179.8M)	(180.8M)	(162.7M)	(170.8M)
Capital Surpluse	187.1M	260.3M	282.7M	297.3M	341.9M	223.9M

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